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Needham 02494
8 Parkland Rd
$715,000
● House - Off Market

8 Parkland Rd

Needham, MA 02494
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,370 Ft²
$1,034,537
RealtyHop Estimate
42.69%
Since Jul 1, 2019
MA-Boston
Primary Model

About This Property

Gracious brick front center entrance Colonial on just under 1/2 acre of land.  Hardwood floors on both floors.  Original wood trim throughout the home.  Large finished basement with walkout to patio.  3/4 Bedrooms, Walk up attic, breezeway with attached 1 car garage.  Located close to everything.  Commuter Rail, Shops, 128, Newton and elementary school.
Unit Size
2,370 Ft²
Days on Market
-
Land Size
0.47 acres
Price per sqft
$306
Property Type
House
Property Taxes
$567
HOA Dues
-
Year Built
1957

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #72480985)

Price History

Date / Event Date Event Price
Jun 24, 2019 Sold
Premium
Sold
Apr 11, 2019 Listed by Coldwell Banker Residential Brokerage - Needham $725,000
Listed by Coldwell Banker Residential Brokerage - Needham

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1999
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 768
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,473
  • Total Building Area: 1,536
  • Gross Building Area: 2,304
  • Building Area: 1,536
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,536
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000470
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Needham School District
  • School Tax School District: NEEDHAM SD
  • Census Tract: 403502

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:087.0 B:0066 L:0000.0
  • Block: 66
  • Municipality: NEEDHAM
  • Latitude: 42.3082
  • Longitude: -71.2356

    Address

  • Full Address: 8 Parkland Rd
  • Address - House Number: 8
  • Address - Street Name: Parkland
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C055
  • 4-Digit Zip Code: 2428
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $941,500

    Appraisal Valuation

  • Standard Deviation: 0.1695
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,040,411
  • High Value: 1,216,782
  • Low Value: 864,041

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $722,000
  • Assessed Land Value: $497,100
  • Assessed Improvements Value: $224,900

    Sales

  • Current Sale Contract Date: Jun 19, 2019
  • Current Sale Recording Date: Jun 24, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 50917
  • Previous Sale Recording Date: Sep 06, 2016
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Needham

Stats & Trends

Median Asking:

$1,629,000

Sale Price/ft²

$533

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4242 ft²

Average Home Age

40.1 years

Currently For Sale

68 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72480985

Frequently Asked Questions

When was property at 8 Parkland Road built and last sold?
The property at 8 Parkland Road was built in 1957 and last sold on Jun 19, 2019 for $715,000.
How much is this home worth?
The estimated value of the home located at 8 Parkland Road is $763,484.
What are some comparable homes to 8 Parkland Road?
There are currently no comparable homes to 8 Parkland Road.
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